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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4624992 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by KingRex1(m): 3:05pm On Jan 19, 2019 |
wura2020:Current accounts are good for receiving loans. Since its meant for regular inflows and outflow of funds. It's shows credit worthiness too. CAM charges are also incurred here. Savings account as the name implies is meant for saving and interest accruals. It's stable and good for investments, no charges unless violated |
Re: Treasury Bills In Nigeria by Creamz(m): 3:31pm On Jan 19, 2019 |
KingRex1: I almost felt I was ripped off been the first time for me. Thanks everyone for the explanations. 1 Like |
Re: Treasury Bills In Nigeria by Jessglam: 5:29pm On Jan 19, 2019 |
Am bank shopping at the moment as first bank is not giving me a good secondary market rate and time is money. Please are there costs associated with transfers from one bank to another? Thank you. Please advise |
Re: Treasury Bills In Nigeria by Fuhrerfran6(m): 5:36pm On Jan 19, 2019 |
Hi TB Fam, Am a low key follower since last year and decided to stash 2m on TB this year. I used my zenith account because i didnt have time to open a stanbic bank account and didnt want to waste more time. I suscribed for 365 days tenor and the marketer said the bank will bid on my behalf. Yesterday the 2m was debitted and i was credited with #253.853k. Can someone please help me with the calculatiins, I have tried myself but got confused midway. Thanks |
Re: Treasury Bills In Nigeria by C505: 5:47pm On Jan 19, 2019 |
unite4real: Yes you're right. It's 14.3% That's what they calculated for me too
|
Re: Treasury Bills In Nigeria by Chisco27: 5:54pm On Jan 19, 2019 |
Agbaletu: It was a savings account that he used. From what I gathered from this page the bank charge should be 0.125*7M=875,000. Am I the one who isn't doing the maths right? |
Re: Treasury Bills In Nigeria by C505: 5:56pm On Jan 19, 2019 |
Now that I see the bank stop rate is fair but they're not being professional, I'll put my coming 2M in the secondary market since I can't place a bid of my choice in the primaries |
Re: Treasury Bills In Nigeria by jamih: 5:57pm On Jan 19, 2019 |
Chisco27:Charge is 0.125%,i.e 0.00125*7m =8750 |
Re: Treasury Bills In Nigeria by C505: 5:58pm On Jan 19, 2019 |
Chisco27: Aren't you suppose to divide the 0.125% by 100? |
Re: Treasury Bills In Nigeria by Chisco27: 6:05pm On Jan 19, 2019 |
jamih: Okay. Thank you. It means he was ripped off then. |
Re: Treasury Bills In Nigeria by jamih: 6:07pm On Jan 19, 2019 |
Fuhrerfran6:I guess ur bank bid rate was 12.6% if you are credited with 253,853k for a 364 days tenor. |
Re: Treasury Bills In Nigeria by jamih: 6:11pm On Jan 19, 2019 |
Chisco27:Advice him to check with his bank for clarification. 21k is too much. |
Re: Treasury Bills In Nigeria by unite4real: 6:12pm On Jan 19, 2019 |
Fuhrerfran6: You probably got a tenor that is not up to 364 days. The interest you posted shows about 12.7% for 364 days. But since the interest rate cannot be so ripped off when 182 days closed at over 13%, I guess you should find out how many days done for you. It's obviously not 364 nor 182. I guess some 300 plus days. |
Re: Treasury Bills In Nigeria by Fuhrerfran6(m): 6:22pm On Jan 19, 2019 |
unite4real: Thanks bro...i made a typo error, i actually meant to type 283k. |
Re: Treasury Bills In Nigeria by unite4real: 6:35pm On Jan 19, 2019 |
Fuhrerfran6: That should be around 14.2% |
Re: Treasury Bills In Nigeria by Fuhrerfran6(m): 6:44pm On Jan 19, 2019 |
Re: Treasury Bills In Nigeria by Agbaletu: 6:50pm On Jan 19, 2019 |
unite4real:Yeah. Zenith Bank gave 14.25 for 364 days. |
Re: Treasury Bills In Nigeria by alezzy13: 8:52pm On Jan 19, 2019 |
C505: Which bank is that? Very detailed |
Re: Treasury Bills In Nigeria by C505: 9:41pm On Jan 19, 2019 |
alezzy13: Stanbic |
Re: Treasury Bills In Nigeria by OgogoroFreak(m): 10:17pm On Jan 19, 2019 |
Eaze66:They charge custody fee |
Re: Treasury Bills In Nigeria by Akin3891: 10:59pm On Jan 19, 2019 |
[quote author=dejiotus post=74903807][/quote] Gbam. U took it frm my mouth already, nothing like 6.6 in ur case, simply use the 13.1 intrest rate to calculate whatever number of days you subscribed to and you will arrive at a correct result. |
Re: Treasury Bills In Nigeria by Akin3891: 11:03pm On Jan 19, 2019 |
Agbaletu: Nothing like Bleep, i use current acc with first bank and the charges is fair enough that i don't even have to go tru the stress to calculate |
Re: Treasury Bills In Nigeria by Chisco27: 12:42am On Jan 20, 2019 |
jamih: He did tonight. The customer care agent told him that Access's bank charge is.. 0.35% from 365 days. |
Re: Treasury Bills In Nigeria by Agbaletu: 7:46am On Jan 20, 2019 |
Akin3891:OK I hate unnecessary back and forth argument. |
Re: Treasury Bills In Nigeria by tetula123(m): 9:51am On Jan 20, 2019 |
I have really learnt a lot from this thread.. can someone please educate me on the difference between the primary and secondary market |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:35am On Jan 20, 2019 |
tetula123:that mean u didn't learn ,all possible question has been answered ...primary market is at the main auction while secondary for person opting out 7 Likes |
Re: Treasury Bills In Nigeria by jamih: 11:51am On Jan 20, 2019 |
Chisco27:That is too much, even at that, 0.35℅ is 24500. Maybe the customer care just gave any figure. He should ask other officers in access bank about their charges on current account, in case of next time. |
Re: Treasury Bills In Nigeria by nomad26: 12:30pm On Jan 20, 2019 |
Please has anyone tried to open a Stanbic account online without any wahala?I want to open a Stanbic account via this link https://instantaccount.stanbicibtc.com:9663/index.html and move money from my Gtb for tbills investment. Are there any restrictions on deposits/transfers to this kind of account? I don't want to enter one chance that's why I'm asking for feedback before I proceed o. |
Re: Treasury Bills In Nigeria by tetula123(m): 12:32pm On Jan 20, 2019 |
ahiboilandgas:thanks for the insight. |
Re: Treasury Bills In Nigeria by DrGoodman: 1:47pm On Jan 20, 2019 |
I Don miss plenty! Please the gurus in the house, quick one, if I put N1m in tbills tomorrow in Stanbic and leave it till 1 year, how much will it give me in total. Pls help a brother out before I start thinking of buying another yeye car again. 1 Like |
Re: Treasury Bills In Nigeria by Gavrelino123: 1:54pm On Jan 20, 2019 |
ahiboilandgas:Hapoy sunday...Has GTBANK updated your Treasury Bills online Bank statement.? Mine hasn't been updated. |
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